ETRADE Account Types and Fees Overview: A Complete Guide

What Account Types Does ETRADE Offer?

ETRADE provides a range of account options to cater to different types of investors and traders. Whether you are a beginner looking to trade stocks or an experienced investor seeking more advanced tools, ETRADE has a variety of accounts to fit your needs.

Some of the key account types offered by ETRADE include:

• Brokerage Account: A general trading account for buying and selling a wide range of financial instruments such as stocks, bonds, ETFs, and options.
• Retirement Accounts: ETRADE offers traditional and Roth IRAs, as well as SEP and SIMPLE IRAs for self-employed individuals.
• Managed Portfolios: For investors who prefer a hands-off approach, ETRADE offers professionally managed portfolios.
• Custodial Accounts: These accounts are designed for minors, allowing them to start investing early with the help of a custodian (usually a parent or guardian).

ETRADE also offers Islamic Accounts, which comply with Sharia law, ensuring that trades do not involve interest-based activities. Moreover, ETRADE provides demo accounts for beginners to practice trading in a risk-free environment.

What Are the Differences Between ETRADE Accounts?

The ETRADE accounts vary based on the investor's needs, preferences, and experience level. Here's a breakdown of the key features for each account type:

What Are the Fees and Commissions for ETRADE Accounts?

ETRADEs fees and commissions are competitive within the industry, offering various pricing structures depending on the account type and trading instruments involved.

• Stock and ETF Trading Fees: ETRADE charges $0 for online stock and ETF trades.
• Options Fees: Options trades are charged at $0.65 per contract.
• Mutual Funds Fees: ETRADE offers over 4,400 no-load, no-transaction-fee mutual funds. However, other mutual funds may incur a $19.99 transaction fee.
• Futures Fees: ETRADE charges $1.50 per contract for futures trades.
• Bonds: ETRADE has no fees for bond trading, but applies a $1.50 per-bond transaction charge on certain fixed-income trades.

Note: Fees are subject to change, and traders should always confirm the latest pricing on ETRADEs website.

Minimum Deposit and Funding Methods

ETRADE does not require a minimum deposit for opening most account types, but certain accounts, such as managed portfolios, may have a minimum deposit requirement of $500.

For funding your account, ETRADE supports a variety of deposit methods, including:

• ACH Transfers: Fast, free bank transfers.
• Wire Transfers: For larger deposits, though they may incur a small fee.
• Checks: You can mail checks to fund your account.

Withdrawal methods include ACH, wire transfers, and check payments. Withdrawal times typically take 1-3 business days for ACH transfers and 1 business day for wire transfers.

Frequently Asked Questions (FAQs) about ETRADE Account Types and Fees

Q1: Does ETRADE offer an Islamic account?

Yes, ETRADE offers Islamic accounts that comply with Sharia law. These accounts allow trading without interest-bearing transactions.

Q2: Are there any minimum deposit requirements for an ETRADE account?

Most ETRADE accounts require no minimum deposit. However, certain accounts, such as managed portfolios, require a minimum deposit of $500.

Q3: How are options trading fees calculated on ETRADE?

Options trades are charged $0.65 per contract, with no base commission on the trade itself.